Tuesday, August 18, 2009
New books are now available
New books are now available at internet shop. Special price for TKL Sudoku Vol 1 ($3.90 only) and pocket size Sudoku ($7.90 only for 3 volumes).
U.S. Supreme Court to Hear Case on Executive Pay
The Supreme Court will hear the case this fall, as anger over huge bonuses paid to the executives of failing companies continues to grow...
Last summer, Richard A. Posner, a federal appeals court judge, issued a surprising and prescient dissent... “Executive compensation in large publicly traded firms often is excessive,” he added, “because of the feeble incentives of boards of directors to police compensation.” ..
Here is how Warren Buffett analyzed the situation in his 2003 letter to shareholders: “Year after year, at literally thousands of funds, directors had routinely rehired the incumbent management company,however pathetic its performance had been. Just as routinely, the directors had mindlessly approved fees that in many cases far exceeded those that could have been negotiated.”..
Maintenance of my blog
Someone offered to make a donation towards the maintenance of my blog. I replied that this is not necessary.
But, if he (or others) wishes to help, he can buy my books that are sold here (click on Internet Shop). He can also buy copies to give to their friends.
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